After the brief “correction” in October, the market basically pulled a Men In Black where it essentially looked at the pen and proceeded to forget the past and resumed its ascendency to record highs. I made a couple of moves on my portfolios to bank some profits and to open some new positions. This is despite my feelings that the stock market is still overpriced.

Negative Consensus Observations

...and sure enough we got Brexit. The vibes were not good as headlines showed.

That Fear and Greed index the day after? It looked like this

Uh oh...trouble coming?

Looks like we should getting ready to ride the roller coaster. Strap yourselves in....

UPDATE

As long as it took me to write this blog, we saw a complete 180 turnaround shortly after the Brexit vote. It only took about 10 days for the markets to recover and make back all that was lost in the 2 days after the vote. A few soothing words from the Bank of England that they would print more money and even lower interest rates was enough of a sugar hit to get investors back in the market.